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|||Page|
|---|---|---|
|Reference and administrative|details ofthe Charity, its Trustees and advisers||
|Trustees'
report||2-6|
|Independent
examiner's
report|||
|Statement offinancial activities|||
|Balance sheet|||
|Notes to the financial statements||10-20|
|Trustees||J Grey, Chairman|J Grey, Chairman|J Grey, Chairman||
|---|---|---|---|---|---|
|||J Shorters||||
|||P Lane||||
|Charity registered||||||
|number||201277||||
|Principal office||1BVictoria|Road|||
|||Exmouth||||
|||EX8 1DL||||
|Accountants||Bishop Fleming||LLP||
|||Chartered|Accountants|||
|||2nd Floor Stratus House||||
|||Emperor Way||||
|||Exeter Business||Park||
|||Exeter||||
|||EX1 3QS||||
|Bankers||Barclays Bank Pic||||
|||20 High Street||||
|||Exeter||||
|||EX1 1LX||||
|Solicitors||Michelmores||||
|||Woodwater|House|||
|||Pynes
Hill||||
|||Exeter||||
|||Devon||||
|||EX2 5WR||||
|Investment|Advisor|Charles Stanley||and Company|Limited|
|||Broadwalk|House|||
|||Southerhay|West|||
|||Exeter||||
|||EX1 1TS||||
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||||Endowment|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2022|2022|2022|2021|
|||Note|f,||||
|Income and endowments|from:||||||
|Investments||||185,483|185,483|154,468|
|Total income and endowments||||185,483|185,483|154,468|
|Expenditure
on:|||||||
|Raising funds|||30,942||30,942|29,227|
|Charitable
activities||||187,569|187,569|158,494|
|Total expenditure|||30,942|187,569|218,511|187,721|
|Net expenditure
before net gains on|||||||
|investments|||(30,942)|(2,086)|(33,028)|(33,253)|
|Net gains on investments|||71,105||71,105|632,554|
|Net movement
in funds|||40,163|(2,086)|38,077|599,301|
|Reconciliation
offunds:|||||||
|Total funds brought
forward|||6,349,985|2,255|6,352,240|5,752,939|
|Net movement
in funds|||40,163|(2,086)|38,077|599,301|
|Total funds carried forward|||6,390,148|169|6,390,317|6,352,240|
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||||||2022||2021|
|---|---|---|---|---|---|---|---|
||||Note||F||P|
|Fixed assets||||||||
|Tangible assets|||9||1,053|||
|Investments|||10||6,342,377||6,314,736|
||||||6,343,430||6,314,736|
|Current assets||||||||
|Debtors||||337||4,437||
|Cash at bank and|in hand|||60,266||46,203||
|||||60,603||50,640||
|Creditors: amounts|falling due within one|||||||
|year|||12|(13,716)||(13,136)||
|Net current assets|||||46,887||37,504|
|Total assets less|current liabilities||||6,390,317||6,352,240|
|Net assets excluding||pension asset|||6,390,317||6,352,240|
|Total net assets|||||6,390,317||6,352,240|
|Charity funds||||||||
|Endowment
funds|||14||6,390,148||6,349,985|
|Restricted funds|||14|||||
|Unrestricted
funds|||14||169||2,255|
|Total funds|||||6,390,317||6,352,240|
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2021|
|||E|||
|Income|from UK listed investments|185,479|185,479|154,447|
|Interest|receivable|4|4|21|
|TOTAL|2022|185,483|185,483|154,468|
|TOTAL|2021|154,468|154,468||
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||||Endowment|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022|2022|2021|
|Investment|management|fees|30,942|30„942|29,227|
|TOTAL 2021|||29,227|29,227||
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|||||||||Unrestricted|||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||funds|Total|Total|
|||||||||2022|2022f|2021
E|
|Grants|payable|to|individuals|and|organisations|in|Devon|187,569|187,569|158,494|
|TOTAL|2021|||||||158,494|158,494||
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||||Grant||||
|---|---|---|---|---|---|---|
||||funding
of|Support|Total|Total|
||||activities|costs|funds|funds|
||||2022|2022f|2022|2021
E|
|Grants payable|to individuals|and|||||
|organisations|in Devon||141,951|45,618|187,569|158,494|
|TOTAL 2021|||115,946|42,548|158,494||
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|||Grants|Total|Total|
|---|---|---|---|---|
|||payable|funds|funds|
|||2022|2022|2021|
|Grants|to individuals|140,651|140,651|115,496|
|Grants|to organisations|1,300|1,300|450|
|||141,951|141,951|115,946|
|TOTAL|2021|115,946|115,946||
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|||Grants|Total|Total|
|---|---|---|---|---|
|||payable|funds|funds|
|||2022|2022|2021|
|||||F|
|Wages and Salaries||19,989|19,989|20,077|
|Office and general costs||4,649|4,649|4,757|
|Premises costs||2,500|2,500|1,019|
|Professional|fees|18,480|18,480|16,695|
|||45,618|45,618|42,548|
|TOTAL 2021||42,548|42,548||
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||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||E||
|Independent|examination||fees||||||2,945|2,675|
|Fees payable|to the|Charity's||independent||examiner|in|respect of:|||
|Other accountancy||and|professional||services provided|||by the independent|||
|examiner|||||||||15,535|14,020|
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||2022|2021|
|---|---|---|
|Wages and salaries|19,128|19,205|
|Social security costs|429|438|
|Other pension costs|432|434|
||19,989|20,077|
|The average|number|of|persons employed|by|the Charity|during|the year|was as follows:|
|---|---|---|---|---|---|---|---|---|
|||||||||20|
|||||||||N|
|Administrative|staff||||||||
|The average|headcount||expressed as full-time||equivalents|was:|||
|||||||||20|
|||||||||N|
|Administrative|staff||||||||
|20
N
20
N|22
o.
2021
No.
22
o.
2021
No.|
|---|---|
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||Office|
|---|---|
||equipment|
|COST OR VALUATION||
|At 1 June 2021|8,405|
|Additions|1,108|
|At 31 May 2022|9,513|
|DEPRECIATION||
|At 1 June 2021|8,405|
|Charge for the year|55|
|At 31 May 2022|8,460|
|NET BOOK VALUE||
|At 31 May 2022|1,053|
|At 31 May 2021||
||Listed|Cash held||
|---|---|---|---|
||quoted|as part of||
||share,|the||
||stocks and|investment||
||funds|portfoliof|Total|
|COST OR VALUATION||||
|At 1 June 2021|6,153,146|161,590|6,314,736|
|Additions|112,924|19,806|132,730|
|Disposals|(170,866)||(170,866)|
|Revaluations|65,777||65,777|
|At 31 May 2022|6,160,981|181,396|6,342,377|
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|||2022f|2021
E|
|---|---|---|---|
|DUE WITHIN|ONE YEAR|||
|Prepayments|and accrued income|337|4,437|
|||337|4,437|
|12.|Creditors: Amounts|falling due within one year|||
|---|---|---|---|---|
||||2022|2021|
|||||F|
||Accruals and deferred|income|3,076|2,696|
||Grants accrued - individual||5,790|5,590|
||Grants accrued - institutional||4,850|4,850|
||||13,716|13,136|
|13.|Financial|instruments|||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||FINANCIAL ASSETS||||||
||Financial|assets measured|at amortised|cost|60,266|46,203|
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|Statement offunds|(continued)||||||
|---|---|---|---|---|---|---|
|Statement offunds|- prior year||||||
||Balance at|||Transfers|Gains/|Balance at|
|1|June 2020|Income|Expenditure|in/out|(Losses)|31 May 2021|
||E|E|E|F|E||
|UNRESTR'D|||||||
|FUNDS|||||||
|General
Funds|1,281|154,468|(158,494)|5,000||2,255|
|ENDOWMENT|||||||
|FUNDS|||||||
|Endowment|||||||
|Funds|5,751,658||(29,227)|(5,000)|632,554|6,349,985|
|TOTAL OF|||||||
|FUNDS|5,752,939|154,468|(187,721)||632,554|6,352,240|
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|Analysis of net assets between
funds - curr|ent year|||
|---|---|---|---|
||Endowment|Unrestricted|Total|
||funds|funds|funds|
||2022
f|2022|2022|
|Tangible fixed assets||1,053|1,053|
|Fixed asset investments|6,342,377||6,342,377|
|Current assets|47,771|12,832|60,603|
|Creditors due within one year||(13,716)|(13,716)|
|TOTAL|6,390,148|169|6,390,317|
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||Endowment|Unrestricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2021|2021|2021|
||||E|
|Fixed asset investments|6,314,736||6,314,736|
|Current assets|35,249|15,391|50,640|
|Creditors due within one year||(13,136)|(13,136)|
|TOTAL|6,349,985|2,255|6,352,240|
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